$30 Trillion in U.S. Securities Now Covered by DTCC’s New Tokenisation Service
Photo: TheCoinrise
The world's largest clearing and settlement organization moves into blockchain-based infrastructure for securities markets. The Depository Trust & Clearing Corporation, widely known as DTCC, has rolled out a new tokenisation service for U.S. securities. The service reportedly covers assets worth approximately $30 trillion. DTCC handles clearing and settlement for the bulk of U.S. securities transactions, making it a central pillar of American financial infrastructure. Tokenisation refers to representing ownership of an asset, such as a stock or bond, as a digital token on a blockchain or similar distributed ledger.
Source: TheCoinrise
